Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Significant Growth in Short Interest

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 653,840 shares, a growth of 171.4% from the April 15th total of 240,938 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 1,751,092 shares, the days-to-cover ratio is presently 0.4 days.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $88.54 on Friday. The firm has a market capitalization of $6.68 billion, a PE ratio of 37.33 and a beta of 1.23. The business has a 50-day moving average of $79.71 and a two-hundred day moving average of $80.78. Vanguard Mega Cap Growth ETF has a 12 month low of $67.07 and a 12 month high of $89.86.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 88.6% in the third quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 31 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $28,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $32,000. Costello Asset Management INC grew its stake in shares of Vanguard Mega Cap Growth ETF by 116.3% in the fourth quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 350.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after buying an additional 77 shares in the last quarter.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.